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When Substantial Financial Bonuses Backfire

Madison

According to a prediction report from Johnson Associates, Bonuses in the financial industry last year were expected to fall 5-10 percent… Nathaniel Popper, The New York Times. The article reported that last year was also the first year since 2011 that compensation as a whole was likely to drop. Wall Street and bonus culture.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system. A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. It gives a competitive advantage when recruiting the best candidates.

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Why Every Organisation Needs a Solid Compensation Strategy

6Q

If we feel like our compensation scheme isn’t working, it’s time to reflect and reassess the status of the current system. A compensation strategy typically includes the following: Basic pay: This refers to the initial salary without the benefits, bonuses or raises. It gives a competitive advantage when recruiting the best candidates.

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Concerns Surrounding Non-Profit Executive Compensation

Astron Solutions

A 2011 report from the Chronicle of Philanthropy highlighted that the median pay of executives in 132 surveyed charities and foundations increased 3.8% Others even pay bonuses, once rare at non-profits. Executive compensation is a natural concern of many in the non-profit sector. over the prior year. over the prior year.

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How to approach employee engagement surveys

Workable

In fact, 71% of companies use exit interviews to measure employee engagement, according to a 2011 SHRM/Globoforce survey. Direct, real-time feedback from employees (through regular 1:1 meetings) and open communication (through intranets or apps) are good ideas too. Use the right tools. Still, that could be too little, too late.